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The point of this is obviously that the USD is just as much as a construct as Bitcoin, which, sure! But of course the difference is that the dollar's value doe
by tdees40 13y ago
The point of this is obviously that the USD is just as much as a construct as Bitcoin, which, sure! But of course the difference is that the dollar's value doesn't change by 20%+ in a day, so you can rely on it to execute transactions, sign contracts, set salaries, etc.
Bitcoin apologists have generally seemed to see Bitcoin's rise as a positive, which is somewhat true, but it has to be stable to be useful for ordinary people. A volatile currency is not a useful currency.